Akzo Nobel, the Dutch chemicals group, is growing its footprint in Sweden following a EUR 4 million investment into the Levasil CC-branded product line.
The company’s facility in Bohus, 20 km north of Gothenburg, is due to expand in order to boost production of patented colloidal silica – used in electronics, paints and coatings and in cementing operations in the construction industry.
“Within our Levasil Colloidal Silica brand, we have a very diverse product portfolio and are experiencing growing demand in various markets, such as coatings, where Levasil CC supports the industry in its switch from solventborne coatings to waterborne alternatives,” says Ann Lindgärde, Director of Levasil Colloidal Silica at AkzoNobel. “We also anticipate future growth as we continue to research and develop new applications for a range of industries.”
The expansion of the Bohus-facility is expected to be completed by late 2018.
Akzo Nobel’s Levasil product line is experiencing growing demand in several application areas, including in the production of touch screens for smartphones and tablets. However, more than 50 per cent of colloidal silica revenue comes from Eco-Premium products.
“This is a significant investment which not only strengthens our leadership position, but also underlines our commitment to growing with our customers and meeting their changing needs,” explains Niek Stapel, Managing Director of AkzoNobel’s Pulp and Performance Chemicals business.
“Eco-Premium products offer our customers more sustainability benefits than competitive products. The increasing demand for Levasil CC, as well as other products in the Levasil portfolio, mirrors a growing demand for products with clear sustainability benefits.”
Akzo Nobel was founded in 1646 in Sweden under the name Bofors. Today, it is a multinational company specialising in paints, performance coatings and speciality chemicals with 45,000 employees in more than 80 countries. Akzo Nobel has 2,700 employees at 12 locations in Sweden.
Akzo Nobel has expanded several of its operations in Sweden in 2017 including the production site in Kvarntorp, where €10 million was invested to increase production of chelated micronutrients used in agriculture and hydroponics applications.